Banks function as intermediaries matching people who have a lot of funds with those who need them.
Speed that is too low will make a plane stall. Likewise, the economy requires a minimum speed to be able to provide added value, employment opportunities and foreign exchange.
The availability of accurate and valid data is an absolute requirement in achieving all development targets, as data accuracy is the basis and guide in planning and determining the right policies for development.
The latest report from Statistics Indonesia shows that economic growth in 2019 was 5.02 percent. Calculated year-on-year, economic growth in the last quarter of 2019 was 4.97 percent compared to the same period in 2018.
Many countries have begun to worry about the possibility of an economic crisis or a global recession. A slowdown has occurred in the economies of almost all countries.
Start-ups have existed for more or less 10 years in Indonesia. Some have succeeded and some have failed.
In line with the endogenous growth theory in terms of aggregate demand amid the pressures on export performance, consumption and investment will remain the main sources of economic growth for Indonesia in 2020.
In April 2019, JP Morgan warned that global financial prospects would be greatly influenced by the increasing trend of geopolitical risks.
Entering 2020, Greater Jakarta has experienced alarming natural disasters. High rainfall in the late afternoon at the end of 2019 caused flooding in many locations.